Tag Archives: Stock Exchanges

FII Stake Not Outside FDI Limit

September 29, 2008 – 7:40 am

The finance ministry has blocked a proposal from the department of industrial policy and promotion (DIPP) to allow foreign institutional investors (FII) to invest over and above the sectoral caps on foreign investment. FII stake should not be taken into consideration while calculating FDI in sectors, for example telecom, which have a foreign investment cap, [...]

By Rajani | Posted in Real Estate News | Also tagged , , , , , , , , , , , , , , , , , , | Comments (1)

ICICI Venture buys 15% in Arrow Webtex

March 1, 2008 – 4:30 am

 Private equity firm ICICI Venture has picked up a 14.9% stake in Mumbai-based textile and real estate development firm Arrow Webtex through a preferential allotment. The deal is estimated to be in the region of around Rs 130-140 crore. The transaction gives the private equity fund a stake marginally below the level which mandates an [...]

By manish | Posted in Real Estate Information, Real Estate Investment | Also tagged , , , , , , , , , | Comments (0)

BJP will Advise The Government For Real Estate Regulatory Authority

February 23, 2008 – 6:42 am

NEW DELHI: The BJP will represent to Prime Minister Manmohan Singh, now the need for setting up the Real Estate Regulatory Authority, in order to prevent fly-by-night builders from cheating innocent people, who put in their lifetime earnings into their dream house project.

By manish | Posted in Real Estate Information, Real Estate News | Also tagged , , , , , , | Comments (0)